The Ascent’s 2022 Car Insurance Awards Winners
Car insurance ratings methodology
Ratings methodology
To determine the Best Auto Insurance awards for 2022, The Ascent’s experts evaluated accounts with our ratings model, focusing on industry factors and user benefits, including:
- Competitive rates
- Geographic coverage areas
- Customer service
- Insurance options
Top-rated offerings were selected that we think represent the top pick for most people. Our final awards winners were determined by vote to ensure objectivity, with a final Golden Rule check: would we recommend them to a family or friend? Special attention was also paid to:
- Coverage flexibility after an accident
- Maximum coverage amounts
- Application process
For 2022, we’ve introduced an exciting update, our Editors’ Choice awards. These awards are favorites from our experts, tailored to unique consumer needs, allowing us to explore a more diverse range of offerings and user experiences.
Best Car Insurance Overall
State Farm
= Best
= Excellent
= Good
= Fair = PoorWhen reviewing our criteria for best overall car insurance carriers, State Farm excels across the board. From its solid customer service marks to competitive pricing and a wide variety of discount options, State Farm has a lot to offer consumers.
Best Cheap Car Insurance
Geico
= Best
= Excellent
= Good
= Fair = PoorWhen looking at both national and regional auto insurance rate data, Geico is consistently one of the cheapest options available time and time again. This holds true across driver categories. From new drivers to experienced and from drivers with excellent driving records to those with an accident or speeding history, Geico is typically cheaper than the overall average.
Best Car Insurance for Teens/New Drivers
Allstate
= Best
= Excellent
= Good
= Fair = PoorThere were several worthy candidates for this category, but Allstate came out on top due to it’s consistently lower rates across the nation for teens and new drivers. Couple that with discount options available to drivers of all ages, and Allstate is our winner in this category.
Best Car Insurance for Veterans
USAA
= Best
= Excellent
= Good
= Fair = PoorDue to excellent customer service scores and low rates for qualifying members, USAA is our clear-cut choice for the best car insurance for veterans. USAA is the gold standard when it comes to insurance for our nation's military and their family members -- and that hasn’t changed this year.
Best Car Insurance for Rideshare Drivers
Geico
= Best
= Excellent
= Good
= Fair = PoorGeico typically has very competitive rates, and that also holds true for rideshare drivers. Combine this with the fact that Geico offers deductible reimbursement and this is why it was selected as our top choice for rideshare drivers.
Best Car Insurance for Bad Credit
Geico
= Best
= Excellent
= Good
= Fair = PoorLooking at national data trends, Geico typically comes in close to 14% cheaper for drivers with poor credit than the average carrier. This falls in line with what we've seen from Geico and their competitive pricing across all driver profiles.
Best High Risk Car Insurance
State Farm
= Best
= Excellent
= Good
= Fair = PoorInsurance rates for high-risk drivers can escalate quickly. However we consistently saw State Farm rates track lower than most of the competition when it comes to high-risk drivers and those who have an accident or speeding ticket on their driving record.
*A complete list of 2022 award winners, from credit cards to stock brokers, can be found here.
**You can also find more car insurance companies to compare by checking out The Ascent's best car insurance companies page.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.